Palm Hills Developments Company reported staggering consolidated net profits of EGP 1 billion in Q1 2024, a 298% annual leap from EGP 252.67 million. Revenues skyrocketed 77% YoY to EGP 6.22 billion, with earnings per share (EPS) climbing to EGP 0.34 from EGP 0.09. Total assets grew to EGP 86.03 billion, up from EGP 74.29 billion in December 2023. The company smashed sales records with EGP 32.30 billion in new deals—a 377% YoY surge—driven by strong performance in West Cairo, East Cairo, and Badya. Badya alone tripled sales to EGP 9 billion, with over 500 homes delivered and 100 families relocated. East Cairo’s Palm Hills New Cairo project contributed EGP 5 billion in quarterly sales. However, standalone profits dipped to EGP 160.62 million (from EGP 208.82 million), with non-consolidated EPS falling to EGP 0.06 and revenues dropping to EGP 1.50 billion.